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The Canadian Dollar weakened against the Greenback, following the Canadian Employment Change data release on Friday. The USD/CAD currency pair gained 28 pips, or 0.21%, to continue fluctuating in the 1.2985 area.
The Statistics Canada released Employment Change data that came out lower-than-expected of negative 7.5K, compared to the negative 1.1K in the previous period.
"It reinforces the idea that the labour market is really pushing full employment and tightening up enough to drive wage growth," said Bank of Montreal senior economist Robert Kavcic.
| Historical Data Table: Canadian Employment Change | Economic Calendar for 09.06.2018 | ||||||||
| Date | 09.02.2018 | 09.03.2018 | 06.04.2018 | 11.05.2018 | 13.06.2018 | 1:30 AM | CNY CPI y/y | ||
| Actual | -88.0K | 15.4K | 32.3K | -1.1K | -7.5K | 1:30 AM | CNY PPI y/y | ||
| Forecast | 10.3K | 21.3K | 20.1K | 17.8K | 19.1K | All Day | G7 Meetings | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.98506 | 0.98724 | 0.22% | AUD/CAD | 57.56% | 42.44% | |||
| CAD/CHF | 0.75837 | 0.75686 | -0.20% | CAD/CHF | 36.07% | 63.93% | |||
| EUR/CAD | 1.52611 | 1.52628 | 0.01% | EUR/CAD | 32.59% | 67.41% | |||
| USD/CAD | 1.29937 | 1.29943 | 0.00% | USD/CAD | 33.77% | 66.23% | |||